Multidimensional tests for economic behavior differences across cultures
We investigate whether cultural differences exist across a broader set of economic behaviors than previously tested. A variety of cultural dimensions of economic relevance were identified based on anthropological and sociological literatures. Experiments were constructed to measure these dimensions in an economic context. Data were collected in China, France, Niger, and two locations in the United States. Data analysis reveals significant differences across countries in all types of economic behavior considered, suggesting strong cultural influences on multiple types of economic behavior and preferences. When making pair-wise group comparisons we see certain patterns of similarity arising across locations for specific types of behavior. Only the two United States locations share nearly identical behavior across experiments. Other locations may share similar strategic behavior to each other, but dissimilar individual economic preferences or vice versa.
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Volume (Year): 39 (2010)
Issue (Month): 1 (January)
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